Affordable Housing Preservation

Drawing upon our years of experience and broad industry relationships, Rockport is uniquely positioned to further enhance the value we create for our affordable housing clients, lending our deep expertise to provide strategic consulting services. Rockport has successfully advised clients nationwide on the development, implementation and closing of all aspects of HUD-assisted preservation transactions, affording our clients a competitive advantage in navigating the complexities of recapitalizing older HUD-assisted and insured multifamily properties. Through our comprehensive approach to recapitalization, we assure our clients will carry on their mission to provide vital resources to the affordable and low-income housing market.

Rockport has worked with many profit and nonprofit mortgagors to help recapitalize their projects originally financed through Section 236, 221 (d)(3) BMIR and Market Rate programs, Section 221 (d)(4), and State-Agency programs. Using our affordable housing expertise we develop transaction strategies using the multitude of preservation tools made available by HUD. Examples of such programs and tools include:

“Rockport’s significant experience with affordable housing clients may be best exemplified by our successful completion of approximately 90 refinance transactions of Section 202 properties, totaling in excess of $300 million in mortgage loans closed (primarily) under HUD’s 223(f) program.”

Rockport has closed MAP loans as part of more complex transactions involving such programs as:

"You have asked for an assessment of the project refinances that you have accomplished for the John Stewart Company and I am very pleased to be able to do so. Our firm manages over 23,000 units throughout California, both as owners and as fee managers..."Read more